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- Suppose that Switch decide to extend the business operations to nutrition consulting whereby they offer consulting services with a focus on energy and performance enhancement. In addition, they provide nutrition plans that include nutrition plans that include recommendations for including Switch Energy drink into their diets. The business unit has been able to acquire many customers despite its recent entry into the market. However, management are concerned that they may lose customers, similar to their product line. Provide a report in which you recommend to management, how they could instil a service culture within this unit so as to avoid the loss of customers.1. For each of the following existing businesses determine which type of ownership each represents (sole proprietorship, partnership, corporation, or cooperative). a. Nestle b. Twitter c. Gay Lea Foods d. Mike's Submarines e. The Walt Disney Company f. Adidas g. Proctor & Gamble h. Andy's Lawn Care i. Ben & Jerry's j. Canadian University Press k. Hewlett-Packard I. Lina's Catering m. Google n. Wireless Nomad o. Kraft p. M.C. Automotive 9. еВay 2. Select one of the ownerships listed above and provide detailed information about the owners and how/why the business began.Scenario Wanda is concerned that if she grows the business, she may take on more financial and personal responsibility than she is comfortable with. Your Task 1. Prepare a chart showing the forms of business ownership Wanda could adopt for Salty Pawz as she expands. For each type of ownership, you need to provide the advantages and disadvantages of each option as they relate to Wanda's businesses. 2. After having explored the advantages and disadvantages of each form of ownership, which form would you recommend for Wanda and Salty Pawz, and why? 3. Lastly, if Wanda decides she wants the two friends she works with to become more formally involved in ownership of the business, does that change the advice you gave her in part (b) above. If so, how? If it does not affect your advice to her, then why not?
- respond to the following as to why this is a good choice for a teleheath company The company I chose that provides mental health services through telehealth is www.NAMI.org The company provides support and education to those who are affected by mental illnesses and have 600 local affiliates and 49 state organizations. The organization lists 5 values in which assist in the possibility of recovery in which applies to the service of their mission to provide equality and hope to those struggling. There is no fee as the organization accepts donations and has volunteers. NAMI also offers DIY fundraisers and gifts of stock. I believe a benefit to this telehealth service benefits to those that are struggling with a mental illness as they provide help to kids, teens, young adults, and veterans whereas some organizations only focus on one age group. Some potential drawbacks I feel would consist of the patient not being consistent with calling in or not engaging fully as there is no in person…a. Explain how did the Bonia Company perform in the past year overall in terms of return on investment, market share, and profitability? b. What are the Bonia Company's current mission, objectives, strategies, and policies? c. Are they clearly stated, or are they merely implied from performance?123) How does awarding managers stock options help align the goals of managers and stockholders? a) If top management has stock options that become valuable at a particular price (higher than the prevailing markets price), management will b incentivized to improve company performance so the option can be exercised at the higher price b) Stock options guide managers in allocating funds for training c) If top management has stock options that become valuable at a particular price, they will be incentivized to buy and sell stocks d) This will help the managers and stockholders learn to work with each other as the managers will look to stockholders for advice on stock handling
- The Small-A Corporation is currently competing with a first mover which owns 90% of the market share. An aggressivemarketing strategy is expected to entice 10% of the competitor’s market share to shift to Small-A every month while theremaining 90% will not. As a new firm, Small-A expects 30% of his market share to shift back to the competitor everymonth. a. What would Small-A’s market share be after one month?b. What would the competitor’s share be after one month?c. What would Small-A’s market share be after two months?d. What would the competitor’s share be after two months?mention the short-term objectives of a start-up soap company (and explain why)Assume that you and two friends are debating whether to open a restaurant that will be called Cozy Kitchen. Initially, Cozy Kitchen will open three stores locally, but the business plan anticipates going nationwide within five years. Currently, you and your future business partners are debating whether to focus Cozy Kitchen as a “do-it-yourself” or “do-it-for-me” business. A do-it-yourself business emphasizes the sale of ingredients for predetermined meals which customers can choose from a menu and the ingredients for the meals will be delivered to customers. The customers will prepare the meals themselves at their homes. A do-it-for-me business emphasizes the sit-down restaurant with a take-out meal option for customers. 1. In groups of three or four, discuss whether to implement a do-it-yourself or do-it-for-me business emphasis. List the advantages of each emphasis and arrive at a conclusion as to which emphasis to implement. 2. Provide examples of real-world businesses…
- Part 1: Ben Floyd really enjoyed wood shop in high school, so he used an inheritance to buy some basic woodworking tools. He started out doing odds jobs, and then one day he made a porch swing for his house. Several people saw it and asked him to make one for them word of mouth brought him many customers. In June of 2008 he married Bobbie Ruth, marketing graduate. Bobbie Ruth saw a chance to expand the swing business to similar products and eventually have hardware, building supply and furniture stores. Thus BF Swing was born. Due to his love of his work and Bobbie Ruth’s marketing ability, the business prospered. Today, they make stools, rockers as well as swings. The company now employees about 35 people five days a week. Due to growth, they have some trouble. To avoid this, they have decided to hire someone who knows production planning systems to help them. After interviewing, they chose you to fill this position. They give you following information and wants to develop following…Why would some companies elect to have company-owned stores/locations versus franchises? Why would others want only franchises? Name five companies that have both company-owned stores/locations and franchises.1. Setting Up a Business Your friend, Olivia Graves, is going to start her own chocolate shop, called Chocolate-By-Design. Olivia is an expert candy maker and one of the city's top pastry chefs. Olivia has come to you for advice on what type of business Chocolate-By-Design should be-a sole proprietorship, partner- ship, or corporation. Create a report comparing the three different types of businesses, along with your recommendation for Chocolate-By-Design's business structure.